Monday, November 25, 2024 | Baltimore, MD
Baltimore, MD
41°
Sunny
FOLLOW US:

Business

Baltimore Medical System receives $350K in grants to support Greektown center

Baltimore Medical System, a nonprofit providing medical care to underserved communities, has received two grants totaling $350,000 to support a new community health center at Yard 56 in Greektown. The facility, set to open in early 2023, will feature 54 patient care rooms and provide health care to 20,000 new patients. The medical system currently serves more than 60,000 patients annually. The France-Merrick Foundation has awarded $250,000 and the Middendorf Foundation has awarded $100,000 for the construction of the 40,000-square-foot center. The center will cost a total of $8.2 million.

Fenwick Approves Full Comprehensive Plan Review

Fenwick officials voted last week to approve a full review of the town’s comprehensive plan. Last Friday, the Fenwick Island Town Council voted to support and fund a full review of the town’s comprehensive planning document. While the town’s planning commission began a five-year review process earlier this year, Chair Amy Kyle said commission members have since recommended a full review for recertification. “We started off doing the five-year review,” she said, “and now we’re proposing something a bit bigger than that.”

Read More: The Dispatch
MCB Real Estate launches Science + Health Platform

Baltimore-based MCB Real Estate LLC has partnered with life sciences and health care real estate executive Wilkingson “Will” Germain to co-found MCB Science + Health. Germain, who will serve as CEO of the venture, will be focused on aggressively seeking acquisition and development opportunities in the life sciences, medical office and senior housing spaces across the United States. Germain joins MCB after 16 years with Ventas Inc., a leading real estate investment trust, where he most recently focused on growing their life sciences, research, and innovation portfolio by more than $4 billion and over 7 million square feet.

Arena scraps Royal Farms name, searches for next title sponsor

Along with its upcoming redevelopment, the Baltimore Arena — formerly known as Royal Farms Arena — will also get a brand-new name. 

In Harriet Tubman’s home state of Maryland, a new school bears her name

Montgomery County school officials named the new elementary school in Gaithersburg, Md., after Harriet Tubman, making it one of the first schools — and the only one in modern times — in Tubman’s home state to bear her name, according to a state registry.

 

Black restaurateurs are changing Baltimore’s dining landscape

Calvin Riley had three different careers before he opened a restaurant in Downtown Baltimore. The 49-year-old served in the Marines, boxed professionally and worked in information technology — then decided to go to culinary school when the economy crashed a decade ago.

Read More: Biz Journals
Winning bet on sporting event, money in sport and sports betting conceptual idea with american football ball and wads of cash isolated on green background
Will Maryland Sports Betting Launch Before NFL Kickoff?

Though retail sports betting is already live in Maryland, bettors have been waiting for mobile gambling to take off in the state, with the hope it would do so in time for the upcoming football season. That seems unlikely. Though Maryland mobile sports betting appears like it will be here much faster than what’s been seen in other states, like with sports betting in Massachusetts, officials don’t see it launching in time for the NFL season. That’s certainly a disappointment to those in Maryland excited about placing sports bets online. So why the holdup?

Developer consolidates Prince George’s apartment holdings with an eye toward affordability

Two real estate firms this week acquired 587 market-rate affordable apartment units in Langley Park, highlighting Prince George’s County’s efforts to preserve housing affordability in an area some fear may begin to gentrify with the advent of the Purple Line. D.C. developer Jair Lynch Real Estate Partners and Nuveen Real Estate, an investment manager for New York City’s TIAA, announced Tuesday they’ve purchased Bedford Station and Victoria Station, utilizing Prince George’s County’s right of first refusal program. Under that policy, 441 units, or three-quarters of those acquired, will have rents capped for households earning no more than 80% of the area median income for 15 years.

Virginia’s pursuit of Commanders stadium losing momentum in wake of state senators’ comments

Chap Petersen was such a diehard fan of the Burgundy and Gold that the Virginia state senator once co-founded the “Redskins Pride Caucus” to defend the team’s former moniker. And just months ago, the Fairfax Democrat appeared to be one of the main backers of a bill that would help the state provide hundred of millions in public subsidies to fund the team’s next stadium.

Nexstar to dramatically expand local TV news operations in Greater Washington

Nexstar Media Group Inc. (NASDAQ: NXST) is expanding its local news operations in Greater Washington, bringing together its two area television stations into one Northwest D.C. location and rebranding as D.C. News Now. The Irving, Texas-based company, billed as the largest television station owner in the U.S., said Wednesday it will combine its D.C.-based CW affiliate WDCW-TV (Channel 50) with Hagerstown, Maryland, independent station WDVM-TV (Channel 25) into a new “state-of-the-art newsroom and studio currently under construction” on Wisconsin Avenue.

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.